Form 4: MasterCraft Boat Holdings CFO Sells Shares to Cover Taxes
SEC Form 4
Timothy M. Oxley, CFO of MasterCraft Boat Holdings, Inc., disposed of 2,872 shares of common stock on June 30, 2024, to cover tax obligations related to vesting restricted stock awards.
Summary
- On June 30, 2024, Timothy M. Oxley, the Chief Financial Officer of MasterCraft Boat Holdings, Inc., disposed of 2,872 shares of common stock.
- The transaction was executed to cover tax obligations associated with the vesting of restricted stock awards.
- The shares were sold at a price of $18.88 per share.
- Following the transaction, Oxley directly owns 120,983 shares of MasterCraft Boat Holdings, Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine sale of shares to cover tax obligations.
Industry Context
This transaction is a routine occurrence where executives sell shares to cover tax obligations arising from the vesting of stock awards. It doesn't necessarily indicate a negative outlook on the company's future.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 06/30/2024 | Date of the transaction (disposal of shares) |
| 07/02/2024 | Date of signature on the Form 4 |
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